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Alphabet’s Century Bond Has Now Lost a 10th of Its Face Value
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Bonds Alphabet’s Century Bond Has Now Lost a 10th of Its Face Value A 100-year bond that Alphabet Inc. issued earlier this year in the sterling market as it gorged on debt around the world has dropped below 90 pence on the pound for the first time. The £1 billion ($1.34 billion) bond due in 2126 that the tech giant sold in February at just under par was indicated at 89.978 pence on Thursday, based on data compiled by Bloomberg. Its risk premium over risk-free benchmark rates hit a high of...
Bonds
Alphabet’s Century Bond Has Now Lost a 10th of Its Face Value
A 100-year bond that Alphabet Inc. issued earlier this year in the sterling market as it gorged on debt around the world has dropped below 90 pence on the pound for the first time.
The £1 billion ($1.34 billion) bond due in 2126 that the tech giant sold in February at just under par was indicated at 89.978 pence on Thursday, based on data compiled by Bloomberg. Its risk premium over risk-free benchmark rates hit a high of 139.8 basis points.